Environmental and Resource Economics Workshop: Dr Peter Howley
| Dates: | 17 November 2015 |
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| Times: | 13:00 - 14:00 |
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| What is it: | Seminar |
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| Organiser: | School of Social Sciences |
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| Who is it for: | University staff |
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| Speaker: | Dr Peter Howley |
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Title: It’s not all about the money! Exploring the multiple facets of farmer decision-making
Abstract
Given that utility is a difficult concept to measure, agricultural economists have often made the simplifying assumption that money can act as a substitute for utility. This has led to the assumption in many mathematically based economic models that all farmers are profit maximizers. However, farmers farm for reasons other than just maximizing profit, and a myopic view of the profit maximization goal as driving farm decisions may misrepresent behavior. Examples abound in the literature of instances where farmers’ exhibit behavior that would be against their financial self-interest. This work seeks to provide a rationale for the prevalence of inefficient farm practices and shows the importance of considering non-pecuniary benefits, productivist attitudes and risk aversion when analysing farmers’ behavior.
http://www.york.ac.uk/environment/our-staff/peter-howley/
Speaker
Dr Peter Howley
Role: Lecturer
Organisation: University of York
Travel and Contact Information
Find event
G.030/31
Arthur Lewis Building
Manchester
